How to File GST Returns for TDS Deductors?

Posted In | Finance | Accounting Software | India Accounting Tax

In this guide, we will walk you through the steps on how to file GST returns for TDS deductors. The Goods and Services Tax (GST) Act mandates that all Tax Deduction at Source (TDS) Deductors must file a GST return. The process of filing GST returns can be a bit complex, especially for beginners. However, with the right guidance, it becomes easier and quicker.
 

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Who are TDS Deductors?

TDS Deductors are individuals or entities that deduct tax at source while making certain payments. These payments include rent, commission, salary, professional fees and others. The deductor then pays this amount to the government.
 

Steps to File GST Returns for TDS Deductors

Here are the steps to file GST returns for TDS deductors:
 

Step 1: Registration

Firstly, you need to register on the GST portal as a TDS Deductor. Complete all the necessary information, then submit the application. Once approved, you will receive a unique TDS registration number.
 

Step 2: Login to the GST Portal

After registration, log in to the GST portal using your credentials. Navigate to the 'Services' tab, then select 'Returns' and 'Returns Dashboard'. Choose the financial year and the return filing period.
 

Step 3: Fill GSTR-7 Form

The next step is to fill the GSTR-7 form. This form contains details of the tax deducted at source. It includes information like the GSTIN of the deductee, total amount, TDS amount etc. Ensure all the information is correct before proceeding.
 

Step 4: Payment of TDS

After filling the GSTR-7 form, you will be directed to make the payment of the TDS. Follow the instructions on the screen to complete the payment. You can pay via net banking, debit card, credit card or NEFT/RTGS.
 

Step 5: Submission and Verification

Once your payment is successful, you can submit your GST return. You will receive an acknowledgement number for your submission. Lastly, verify your return using Digital Signature Certificate (DSC), E-Signature or EVC.

 

Filing GST returns for TDS deductors is a crucial part of tax compliance in India. Knowing how to correctly file these returns helps to avoid penalties and ensures that you are fulfilling your tax obligations. The process may seem daunting at first, but with practice, it becomes simple and manageable.